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Korean Lenders
Are Considering
Rights Offerings

By

Hye-Seung Seo Dow Jones Newswires

Updated Nov. 4, 2003 2:08 p.m. ET

SEOUL, South Korea -- South Korea's eight credit-card companies said they are ready to raise more capital through rights offerings in view of operation losses and rising delinquency ratios, according to the Financial Supervisory Service.

But they assured the financial watchdog that they have raised sufficient capital to repay their debt through previous rights offerings and other restructuring efforts over the year, the FSS said.